[OPE] Fiscal issues II

From: Jurriaan Bendien <jurriaanbendien@online.nl>
Date: Fri Dec 10 2010 - 07:59:22 EST

Just to add. Martin Wolf has this piece today "Why we have to live with low
interest rates" (FT December 9 2010). But what he is referring to, is only
the base lending rate of the UK central bank. Try taking out a mortgage or a
bank loan for a business at 0.5%, you'd be laughed all the way out of the
bank. He's probably right that, in a flat economy, average bank interest
rates will remain comparatively low, but they are going to creep up. That is
to say that I think lenders have borrowers by the balls, not the other way


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Received on Fri Dec 10 08:32:48 2010

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